Hi, @Donald King, have you accounted for lawn care, snow removal, trash, water, shared utilities (like outside or hallway lighting)?

We both utilized our saved funds and favorable construction loans from a local community lender and closed on these properties in 2015.

I pay $735 a month for rent plus I take care of all the utilities.

Many PM's (including ourselves) are utilizing automated self show technologies, but a lot of PM's have gotten away from the actually showing the homes in person because of this technology.

Is the basement weird (like super low ceiling, bedrooms without windows, or they didn't properly divide the utility area from the apartment, etc.)?

The same numbers rules apply, but some additional things to look for:Metering (same meters or separate), if separate allows you to easily split utility bills among tenants.Sewage systems connected or separate (helps with plumbing repairs and whatnot).Rental rates and if they reside on a street with mostly rentals or by themselves.

The program will allow the client time to build your credit rating and save for the down payment.Under the program, the clinet would:1) Look for a home that the client wants.2) Client and I would work together and I buy the home at the price client wants to pay. 3) Client provide at least a 5% deposit that will be used towards the future down payment. 4) Client would also be responsible for other costs that a homeowner would: legal feesappraisalinspectionland transfer taxproperty taxinsuranceall maintenance and repairsutilities5) Sign a lease agreement - to determine base lease cost per month multiply purchase price times 0.0062 - example $150,000 x 0.008 = $1,200/month which does not include utilities, tax and insurance.6) Sign an agreement of purchase and sale dated three years out.

But a 620 score means you regularly miss payments, have consistent high DTI and high utilization.

Are the utilities separate and what do you get for rent?

When you go to apply in 6 months, they'll see you have maxed out your debt to credit line utilization of a whopping 60k, which will cause your credit score to take a hit and possibly jeapordize whether they approve you for a refi or not, or affect your interest rate they offer you at the very least.